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Murchison Area

Gross product

The Murchison Area's Gross Regional Product was $1,949m as of the 30th June 2018.

The Gross Regional Product of an area is the equivalent of Gross Domestic Product, but for a smaller area. It is the amount of the nation’s wealth which is generated by businesses, organisations and individuals working in the area. This dataset is derived from the National Economics microsimulation model, and is a broad indicator of the growth or decline of the local economy over time. Data are presented for each year back to 2002.

Gross Regional Product
Gross Regional Product 2018, Murchison Area: $1,949 million 2017, Murchison Area: $1,953 million 2016, Murchison Area: $1,931 million 2015, Murchison Area: $2,000 million 2014, Murchison Area: $1,905 million 2013, Murchison Area: $1,925 million 2012, Murchison Area: $2,070 million 2011, Murchison Area: $1,973 million 2010, Murchison Area: $1,978 million 2009, Murchison Area: $1,929 million 2008, Murchison Area: $1,851 million 2007, Murchison Area: $1,796 million 2006, Murchison Area: $1,579 million 2005, Murchison Area: $1,503 million 2004, Murchison Area: $1,464 million 2003, Murchison Area: $1,463 million 2002, Murchison Area: $1,496 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
Cumulative change in Gross Regional Product
Cumulative change in Gross Regional Product 2018, Tasmania: 141.6% 2017, Tasmania: 141.5% 2016, Tasmania: 137.8% 2015, Tasmania: 137.6% 2014, Tasmania: 134.8% 2013, Tasmania: 132.6% 2012, Tasmania: 132.5% 2011, Tasmania: 132.2% 2010, Tasmania: 130.5% 2009, Tasmania: 129.6% 2008, Tasmania: 127.6% 2007, Tasmania: 124.1% 2006, Tasmania: 120.4% 2005, Tasmania: 115.4% 2004, Tasmania: 112.8% 2003, Tasmania: 105.5% 2002, Tasmania: 105.7% 2001, Tasmania: 100.0% 2018, Murchison Area: 143.9% 2017, Murchison Area: 144.2% 2016, Murchison Area: 142.5% 2015, Murchison Area: 147.6% 2014, Murchison Area: 140.6% 2013, Murchison Area: 142.0% 2012, Murchison Area: 152.8% 2011, Murchison Area: 145.6% 2010, Murchison Area: 145.9% 2009, Murchison Area: 142.4% 2008, Murchison Area: 136.6% 2007, Murchison Area: 132.5% 2006, Murchison Area: 116.5% 2005, Murchison Area: 110.9% 2004, Murchison Area: 108.0% 2003, Murchison Area: 108.0% 2002, Murchison Area: 110.4% 2001, Murchison Area: 100.0%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
Gross Regional Product (GRP)
Murchison AreaTasmania
Year (ending June 30)GRP $m% change from previous yearCumulative changeGRP $m% change from previous yearCumulative changeMurchison Area as a % of Tasmania
20181,949-0.2•••143.929,0200141.66.72
20171,953+1.1144.229,009+2.7141.56.73
20161,931-3.4142.528,252+0.1137.86.84
20152,000+5.0147.628,215+2.1137.67.09
20141,905-1.0140.627,645+1.7134.86.89
20131,925-7.0142.027,184+0.1132.67.08
20122,070+4.9152.827,165+0.2132.57.62
20111,973-0.2•••145.627,102+1.3132.27.28
20101,978+2.5145.926,746+0.7130.57.39
20091,929+4.2142.426,561+1.6129.67.26
20081,851+3.1136.626,154+2.8127.67.08
20071,796+13.7132.525,445+3.1124.17.06
20061,579+5.0116.524,688+4.4120.46.40
20051,503+2.7110.923,649+2.3115.46.36
20041,4640•••108.023,119+6.8112.86.33
20031,463-2.2108.021,638-0.2105.56.76
20021,496+10.4110.421,676+5.7105.76.90
20011,355--100.020,500--100.06.61

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. Compiled and presented in economy.id by .id , the population experts

Data are based on a 2016-17 price base for all years. NIEIR-ID data are inflation adjusted each year to allow direct comparison, and annual data releases adjust previous years’ figures to a new base year.Learn more

*Cumulative change uses 2010 as the base year.

Annual change in Gross Regional Product
Annual change in Gross Regional Product 2018, Average annual growth rate: 1.7% 2017, Average annual growth rate: 1.7% 2016, Average annual growth rate: 1.7% 2015, Average annual growth rate: 1.7% 2014, Average annual growth rate: 1.7% 2013, Average annual growth rate: 1.7% 2012, Average annual growth rate: 1.7% 2011, Average annual growth rate: 1.7% 2010, Average annual growth rate: 1.7% 2009, Average annual growth rate: 1.7% 2008, Average annual growth rate: 1.7% 2007, Average annual growth rate: 1.7% 2006, Average annual growth rate: 1.7% 2005, Average annual growth rate: 1.7% 2004, Average annual growth rate: 1.7% 2003, Average annual growth rate: 1.7% 2018, Tasmania: 0.0% 2017, Tasmania: 2.7% 2016, Tasmania: 0.1% 2015, Tasmania: 2.1% 2014, Tasmania: 1.7% 2013, Tasmania: 0.1% 2012, Tasmania: 0.2% 2011, Tasmania: 1.3% 2010, Tasmania: 0.7% 2009, Tasmania: 1.6% 2008, Tasmania: 2.8% 2007, Tasmania: 3.1% 2006, Tasmania: 4.4% 2005, Tasmania: 2.3% 2004, Tasmania: 6.8% 2003, Tasmania: -0.2% 2018, Murchison Area: -0.2% 2017, Murchison Area: 1.1% 2016, Murchison Area: -3.4% 2015, Murchison Area: 5.0% 2014, Murchison Area: -1.0% 2013, Murchison Area: -7.0% 2012, Murchison Area: 4.9% 2011, Murchison Area: -0.2% 2010, Murchison Area: 2.5% 2009, Murchison Area: 4.2% 2008, Murchison Area: 3.1% 2007, Murchison Area: 13.7% 2006, Murchison Area: 5.0% 2005, Murchison Area: 2.7% 2004, Murchison Area: 0.0% 2003, Murchison Area: -2.2%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
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